Mergers & Acquisitions ·
Star Equity Holdings, Inc. entered into a merger agreement to acquire Harte Hanks, Inc. for $5.00 per share, valued at…
STRRPStar Equity Holdings, Inc.
Star Equity Holdings, Inc. entered into a merger agreement to acquire Harte Hanks, Inc. for $5.00 per share, valued at approximately $38.4 million based on fully diluted shares. Consideration consists of cash and Star Series A Preferred Stock, with aggregate cash capped at $19.2 million. The transaction is expected to generate $10 million in annual cost synergies and leverage Star's $215 million net operating losses. Closing requires Harte Hanks stockholder approval and debt financing.